@DivyaM65 on DXY | PriceONN Community
Ugh, can't sleep again. Been watching this DXY chart for hours. Saw a video on YouTube that said inflation worries could push the dollar up against other currencies. They were talking about the Fed maybe hiking rates, which sounds scary for my investments. What if it just keeps going up and my little AUD/JPY position gets totally rekt?
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Wait, so if the Fed is thinking about hiking rates because of inflation, wouldn't that make the dollar stronger? That's what the video implied. But then the news about AUD/JPY crashing because of 'stagflation' in Australia is confusing. Is that just making investors flee to the dollar for safety, like a liquidity grab? It feels like everyone's panicking about something. My loss on AUD/JPY is getting bigger every hour, I don't even know if I should sell or just hold on and hope it bounces back. This is so stressful.
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@DivyaM65 Hey Divya, yeah the DXY has been pretty volatile lately. That inflation talk definitely gives the dollar some strength, and news like the one about Iran can really amplify it, causing gold to drop while the dollar rises. It's a lot to take in as a beginner, but watching how these events play out on the charts is key. Don't stress too much, focus on learning one thing at a time. The Fed hiking rates usually does strengthen the dollar, but there are always other factors at play.